ECONOMY | Monetary Policy: BoM Raises Key Rate to 4.75% Amid Declining Growth

Overall inflation is projected at 5.5% this year, with concerns that this rate may reach 6%. For the first time in a long period of stagnation, the Monetary Policy Committee (MPC) of the Bank of Mauritius unanimously decided yesterday to raise the key interest rate by 25 basis points, increasing it from 4.50% to 4.75%.